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Follow on Google News | Sustainability Evidence And Survey Highlight - Sustainability Pays!Sustainability in Korea is rapidly on the rise sustainable companies significantly outperform benchmark
By: SolAbility In autumn 2009, SolAbility conducted a corporate sustainability survey amongst professionals in Korean corporations. The results of the survey and evidence form SolAbility’s ESG research work have now been published in a report. The full report is available as PDF download here. Highlights of the survey include: • 187 respondents form a variety of business backgrounds • More than 55% of respondents say their organization has implemented sustainability activities • Initial sustainability activities were focused on “social responsibility” • However, the view on sustainability has been changing significantly and rapidly over the last 2 years. • 65% of respondents indicate that sustainability has become more important at their respective company since the outbreak of the global financial & economic crisis • 97.8% of respondents expect that their company will have fully implemented sustainability management by 2014 ESG Research highlights • Sustainable companies significantly outperform the less sustainable companies in terms of financial performance, both long- and short term: A portfolio of the 0 most sustainable Korean companies has outperformed the stock index (KOSPI) by more than 200% since 2002, 18% in 2009 • Increase in sustainability activities amongst Korean corporations have been observed over recent years • The push for integrating sustainability has gained significant monumentum with the recent financial and economic crisis End
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